November 17, 2024 9:18 am
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$5M+ Deals – 200k SF Industrial deal near 101

$6.5M sale ($33.19/SF) of the 198,826 SF industrial property adjacent to the Broadway 101 Commerce Park just north of W. Broadway Road east of the 101 Freeway (2432 W. Birchwood Ave.) in Mesa by 2432 Birchwood Associates LLC, an entity formed by EverWest Real Estate Partners out of Denver, Colorado.

The buyer was IPT Mesa DC, LLC, an entity formed by Industrial Property Trust (IPT), also based in Denver, Colorado. IPT focuses on owned and operated distribution warehouses leased to corporate customers.

The 4.6 acre property, which was built in 2000, is leased to Longust flooring company as a distribution center. EverWest made the Dealmaker $5M+ list last Thurs. with the $8.9M purchase of an office project in Gilbert.

View affidavit here.

 


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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.